Justice minister, DGA chief discuss partnership to boost digital judicial services    Netanyahu does not rule out further strikes on Hamas leaders    US farmers are being squeezed – and it's testing their deep loyalty to Trump    Romania condemns 'irresponsible' Moscow after Russian drone breaches its airspace    Kirk's assassination is forcing US politicians to make difficult choices about their safety    India players refused handshakes, says Pakistan coach    Final stage of Spanish Vuelta cycling race abandoned after disruption by pro-Palestine protesters    Mané fires Al Nassr past Al Kholood to keep perfect start as Ronaldo honored    Lacazette brace earns NEOM SC first Saudi Pro League win    Adolescence star Owen Cooper makes Emmys history at 15    Saudi liquidity grows 8.4%, reaching SR3.1 trillion in July 2025    Over 434,000 people acquire first aid skills during nationwide health campaign    Saudi Arabia's legislative advancement highlighted at International Conference on Judicial Training    Sudden swerving among 3 major causes of accidents in Riyadh in 2024    Princess Haifa emphasizes pivotal Saudi role in shaping future of tourism    Sahm Capital names Saudi Olympian Fayik Abdi as brand ambassador    SR9000 fine for copyright infringement using AI    King Charles and Prince Harry finally reunite after 19 months apart    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sudan signs 10 gold and iron ore deals
Published in The Saudi Gazette on 10 - 11 - 2010

KHARTOUM, Sudan: The government of Sudan has signed 10 exploration deals for gold, iron ore and other minerals as part of a wider bid to diversify the nation's crude-dependent economy, ahead of the expected independence of the country's oil-producing south in two months.
Mining Minister Abdel Bagi Al-Jaylani told Reuters that the exploration deals were with Sudanese companies and four international companies from Saudi Arabia, India, Great Britain and China, to search for copper, lead, iron, zinc and gold.
“From the beginning of the year to the end of October, we have mined 23t of gold,” Jaylani said. “Next year I expect to mine not less than 60 to 65t,” he added.
State news agency SUNA reported that all the contracts signed Monday were for areas in the north of Sudan.
Jaylani revealed that Sudan had signed 47 new mining agreements this year, and expected to sign 50 more in 2011 for mining in the three Darfur states, Kassala and Gedaref in the east, and the north-south border region of South Kordofan.
“Next year I expect to have good revenues from chromium, building materials – marble and aggregate – gold, copper and zinc,” he said, but could not give figures.
Sudan's economy has relied on oil for years, and that much of the country's estimated 6 billion barrels of oil reserves lie in the south, which most analysts expect will vote to secede in the referendum on Jan. 9, 2011. More than 90 percent of Sudan's foreign currency revenue is derived from oil, and the south is likely take its share after secession, leaving a large gap in Sudan's budget.
Sudan will offer new concessions next year for gold exploration in locations that include Sudan's western region of Darfur, Jailani said.
Over 200,000 of Sudan's artisanal miners have produced 23 metric tons of gold between January and October this year, he added.


Clic here to read the story from its source.